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The title of Google Parent Alphabet is "a flight here" given the power of the internet giant in the thriving e-commerce sector, Cramer said Wednesday after the 2.52% fall in the title.
"This is the quarter when we realized that you had to pay the price of sales to get sales on the internet.In most cases, the reader is Google, which represents a 22% growth in revenue." said the host of "Mad Money".
Cramer highlighted the fact that many business leaders have cited their direct-to-consumer businesses as a major badet, a sign that companies like Alphabet are playing an increasingly important role in generating revenue. He also drew attention to the fact that few people are carrying shopping bags these days on Manhattan's Fifth Avenue, a well-known retail hub, which could mean that consumers are visiting their homes. store before buying products online.
"Whenever you hear a leader say" directly to the consumer ", you should immediately think of Facebook, Amazon and, more importantly, Google, because their ads allow you to sell products directly to the consumer," he said. declared. "If you are a retailer, you have to pay Google for advertising, as you had to pay rent on Fifth Avenue in time.This is simply the place where all the buyers are located, c & # 39; That's why I like her parent, Alphabet, a lot in the recoil of today. "
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